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    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    40 Ferguson Ave, Wood River, IL 62095-1904

    2,572 SF 0.07 ac lot Built 1920
    Individually Owned 8-yr Hold ~ Est. High Equity
    Property ID
    US28-2278205
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 40 E Ferguson Avenue in Wood River, Illinois, presents a unique investment opportunity. The building, formerly home to Meyer Jewelry Studio and Kristen's Hair Studio, boasts a total of 2,572 square feet of usable space. A significant advantage is the inclusion of a 25 x 18 foot attached garage located at the rear of the building, providing additional storage or workspace. A full basement offers further potential for expansion or storage. The property's prime location is enhanced by its proximity to a city-owned access path, providing convenient access to a public parking lot. Recent upgrades include a new HVAC system and water heater (installed in 2017/2018) and a new roof (2020). The lot size is 3,049 square feet. The property is being sold "As-Is." This versatile space is perfect for a variety of commercial uses and represents a compelling opportunity for savvy investors seeking a well-maintained building in a desirable downtown location. The property is zoned for commercial use and is situated in Madison County, Illinois, zip code 62095.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1920
    Total area 2,572 SF
    Lot 0.07 ac (3,125 SF)
    APN 19-2-08-28-08-205-021
    UPID US28-2278205
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Wood River Museum and Visitor Centerville Local History Museum
    • Kristen Hair Studio Hair Salon Nail Salon
    • Kristen's Hair Studio 17 Hair Salon Nail Salon
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Kristen Gowin · 8 yrs held
    Kristen Gowin
    since 2018
    Last sale
    $98,000
    3 recorded transactions
    2018
    2014
    $70,000
    2012
    $62,500
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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